Eboney Jones
What happens if A borrower dies after loan assumption in Tx?
Got an odd situation. Working with a lady in Fort Worth, Tx who took over payments on a home back in 09. She signed a warranty deed for it and was making regular mortgage payments until the borrower died in 2015. She ...
Ken Martin
Listing A Property - Do I use Pro Forma or Actual assumptions???
Hi All, I purchased a 5 unit property in SW Michigan about a year ago. I bought the property from the bank for very cheap, but now that I've done renovations, raised rents, billed back utilities, and have the property...
William Coet
Is There a Strategy To Get Bank To Allow Mortgage Assumption?
The seller has a rate of ~4% and we are being quoted 8%. Is there any way a bank will allow a mortgage to be assumed? Initially they said no, but can a "higher-up" approve it? Are there any strategies to make it ha...
Karl Krauskopf
Closing on 1st deal, here is model with pre-closure assumptions
View report*This link comes directly from our calculators, based on information input by the member who posted.Closing on our first investment property in Spokane, WA. This deal feels pretty solid wi...
Josh Milewski
Any Tips For Contacting A Financial Institution For A Loan Assumption?
@Clay Reddick and I got a deal that we want to assume the loan on. We've confirmed the loan type is generally assumable and have the financial institution information we plan to call later today. Any tips on how to na...
William Coet
Can a Bank Executive Be Convinced to Allow a Mortgage Assumption?
The seller has a rate of ~4% and we are being quoted 8%. Is there any way a bank will allow a mortgage to be assumed? Initially they said no, but can a "higher-up" approve it? Are there any strategies to make it ha...
Nate Castle
Is it a requirement to owner occupy an FHA loan assumption?
We are in the process of looking at a FHA loan assumption. My question is “ is it a FHA requirement that we need to live in the property after the assumption? Or have the original owners already satisfied this require...
David Ricketts
**First Deal: Exploring Mortgage Assumption and Negotiation on a Competitive Property
Hello, everyone!
Excited to be diving deeper into real estate investing and making time for my first deal. I’ve been exploring various strategies to land a solid rental property, and I’m particularly interested in tr...
Drew Sygit
Why are Newbies Using Invalid Investment Assumptions from 5+ Years Ago?
Take a look at this graph:What do you see?What RECENT "buy" opportunities do you see in the overall market?When do you think it was more difficult to find a "deal" on real estate, in 2011 or 2019? How about today?It's...
Douglas Rice
Subject to deal advice
I foind a subject to deal I was not even looking for and I have never done one before. Please advise.
13k cash needed to pay past due
37k loan balance.
110k ARV
Monthly payment 409
RENTs FOR $1000
owner just nee...